2:17 P.M. E.S.T. 12-8-2009 Asset-Backed Securities Loan Facility Asset backed securities is a security whose value and income payments are derived from and collaterized (or "backed") by a specified pool of underlying assets..................Are we as individuals assets. # 1 Question Security - is a fungible, negotiable instrument representing financial value. Securities are broadly categorized into debt securities (such as banknotes,bonds, and debentures. Debentures - In law is a document that either creates a debt or acknowledges it. Longer - term debt instrument Bond - In finance it is a debt security Group - A 'set' with an 'associative binary operation', under which there exists an 'identity element'. and such that each element has an 'inverse' Succession - The act of following in sequence A sequence of things arranged in order The passing of royal powers A group of rocks or strata that succeed one another in chronological order I will continue to post random things here just to have a knowledge of where I may go with the thoughts and accurences of Art Economics History and the DeLancey History Files which may lead to a DeLancey Factor. Till Next Time have A Good Day. My Special Interest in Life is the Presidential Seat Of The United States. I will give more information on why in future postings and also I will explain any posting format that I do to the best of recomendation.